Old Problems
Return for Dow
In 238.42 Drop

Stocks Are Once Again
In Correction Territory,
But Will They Recover?

Stocks dropped to their lowest levels since last spring as investors became increasingly convinced that problems in the housing market would cause a broad economic slowdown.

The Dow Jones Industrial Average fell 238.42 points, or 1.9%, to 12589.07, its lowest close since April 12. The blue-chip average is now down 11% from its record close of 14164.53 on Oct. 9, the traditional definition of a correction.